Safety
By deciding to pay with a credit card, it will be much easier to avoid losses caused by fraud. When our debit card is used by a thief, the money is gone from your account right away. Legitimate expenses for which you have scheduled online payments or mailed checks might bounce, triggering insufficient funds fees and even affecting your credit.
It might not even be your fault, but these missed payments will lower your credit score. It can take a lot of time for fraudulent transactions to be reversed, and for the money to be restored to your account during the investigation.
Those are really helpful tips that I already knew and instill in my children.
I agree with the credit card usage advice this article provided except with the use of a VISA credit card. I am a senior citizen that used my Nordstrom’s VISA credit card for Pauley’s Movers in Baltimore, MD. When I complained about the overcharges and services of the movers, Nordstrom agreed with my complaint and directed me on properly filing my complaint to VISA. VISA declined all the evidence I provided. I would not recommend VISA to anyone. I am no longer a VISA customer. Unfortunately, I found out too late many other negative reviews online about this moving company and, I’m extremely disappointed in VISA response and actions.
J
Very helpful, but I may talk face-to-face with my banker to clarify what’s best for me as a senior.